What is meant by a side transaction when a new partner is admitted by an existing partners

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What is meant by a “side transaction” when a new partner is admitted by an existing partner’s selling the new partner equity?

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Mar 03, 2020 07:02 AM

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What is meant by a side transaction when a new partner is admitted by an existing partners

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The end result of this transaction is to transfer the cap...View the full answer

College Accounting A Practical Approach

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